Bill > A03715

This bill amends the Not-for-Profit Corporation Law and the Public Authorities Law to expand the applicability of open meetings and freedom of information laws to certain not-for-profit corporations. The key provisions include: 1. Requiring the Department of State to transmit electronically to the Authorities Budget Office a copy of every certificate of incorporation filed on behalf or at the behest of a municipal corporation, state or local authority, or district. 2. Requiring the consent of the Director of the Authorities Budget Office for any certificate of incorporation that indicates certain individuals associated with a municipal corporation, state or local authority, or district will have significant control over the not-for-profit corporation. 3. Defining "local authority" to include certain not-for-profit corporations affiliated with, sponsored by, or created by a local government, as well as those that issue tax-exempt debt or provide tax exemptions. 4. Subjecting all state and local authorities, and their subsidiaries and affiliates, to the open meetings and freedom of information laws. The bill aims to increase transparency and accountability for not-for-profit corporations with close ties to or control by government entities.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2023/A3715